125 when I came in. The envelope says it's to be opened at the meeting this morning." The small sound of the tearing of the paper began, and was finished; then Mr, Sills coughed once, lightly and inwardly, while he glanced at the enclosed sheet. " Yes," he said, " that's it." And he began to read in his flat, toneless voice, stopping once or twice to clear his throat and to press his spectacles more precisely into place on the bridge of his thin, putty-coloured nose: " Members of the Board of Directors, The Association of Growers of Dark Fired Tobacco "—and he coughed. " GENTLEMEN, "The conviction has been forcibly borne in upon me that my views concerning the policy of the Association are not in harmony with those of the majority of the members of the Board of Directors, even though it is my firm belief that the policy I have supported is the one of reason and peace and would be endorsed by an overwhelming majority of the actual members of the Association itself. Therefore, under these circumstances, I feel that it is my sad duty to resign from the Board of Directors of the Association of Growers of Dark Fired Tobacco, although it is with the deepest regret that I sever my connection with the esteemed gentlemen with whom it has been my privilege and honour to serve. " Very respectfully, "EDMUND TOLLTVER," Mr. Sills finished the reading, folded the sheet with a precise motion of his fingers, laid it on the table before Mm, and, as though to abjure responsibility, turned his head to resume his inspection of the drifting motes in the ray of sunlight. There was absolute silence in the room for some fifteen seconds. Then Mr. Christian, half-rising from his chair leaned forward across the table and thrust out his hand to- ward Mr. Sills and commanded, " Lemme see that letter."